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RE: Bitcoin is officially in Bear Market Territory - What to watch for next, and Predictions! Can Bitcoin Make New HIgh?

in #ethereum7 years ago

I have done analysis..technically for bitcoin the scaling issue not a problem..the issue is more political. The split will be disaster for both groups. Psychologically no group will wish to degrade thei value thereby the force of greed play a role for an amicable solution probably like SegWit2X. The rise was in higher 4 digit so unless there is 4 digital fall it will not cause any major harm in the short term. In fact healthy correction is always good. higher 3 digit correction enable average out our investment with additional amount if the correction is 2 digit sit tight is the best option..fundamentally and structurally t does not seem any major concern...this is my view . Thank you for your post

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well said I think you have a fair assessment of the situation and I agree. Upvoted you for the insightful response.